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To: LLCF who wrote (86070)	3/27/2001 10:39:12 AM
From: yard_man	Respond to of 436258

that can be fixed ...

To: LLCF who wrote (86070)	3/27/2001 10:51:55 AM
From: Andrew G.	Read Replies (4) \| Respond to of 436258

Viewpoint: Who's in this Consumer Confidence survey? CEO's w/golden parachutes? Looks like they got the cream of the crop in this latest survey to paint a rosy picture of consumer confidence. Must be the lower rates allowing people to go deeper into debt on the credit cards. Also noted that today's Minneapolis Star Tribune showing area home sales jumping 14.75% There seems to be no apparent end to the escalating price of real estate locally. Even the crappy stuff (under $200k) is expensive (up ~+50% or more in past 3 years). Is this really a breakable bubble ? This is getting back to my early argument from a few months ago that there is no apparent limit on how much $ the Fed can print or how deeply in debt consumers and businesses can go as long as they can meet their monthly cash flow or operating expenses. And with today's news of a rosy CC rating, we should not be expecting any urgency from the Fed to lower rates in May. So the reflexive jump in the stock indexes is another indication that Funds can't wait to funnel $ into stocks irrespective of valuation concerns and lowered earnings. This bear flag rally is also just one more example of why charting/TA is more of an obsession and pre-occupation than FA today. It's also easy to implement in software for programmed trading, whereas fundamentals require human interaction between analysts and the companies they cover. One last thing, the CA energy crisis is clearly seen by Wall St as a non-event with respect to the economy. This so-called 'crisis' won't be a crisis until it has so severely impacted the CA economy that Silicon Valley will want to relocate en-masse to some other region of the country.